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Selling ​​to 123.36

20 August 2015, USD/JPY

The daily chart: after a rather intense decline, the bottom Bollinger band - 123.36 - looks unfinished. At the same time, we do not expect the pair much below this level - ADX is very weak.

Selling ​​to 123.36

Н4: a classic bearish setup - breakthrough of the lower Bollinger envelope. We expect a rollback to 124.25 and then start working off down to 123.36.

Selling ​​to 123.36

Н1: a little more localized resistance - 124.15.

Selling ​​to 123.36

Expectations: a rollback to 124.15 and then decline to 123.36.


1) Selling from 124.15 to 123.36

Aleksey Panasenko
Analyst of «FreshForex» company
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